September 9, 2003 Standard & Poor's has downgraded five classes of Asset Securitization Corp., 1997-D4, partly because of the volume of collateral loans in special servicing.The agency downgraded the deal's:– $35.1 million class B-2 to double-B-minus from double-B;– $14 million ...
September 9, 2003 Northwestern Mutual has provided $18.5 million of mortgage debt to the Morris Cos. for an office/warehouse in South Brunswick, N.J.The property was developed by Morris in 1991 and has 734,000 square feet. It is leased to Wakefern ...
September 8, 2003CRIC Capital, which is looking to raise debt for an Atlanta office building, has not acquired the property. A story published on Friday – "Investor Seeks Debt Package for Atlanta Offices" – inaccurately said that CRIC had taken ...
September 8, 2003 Comerica Bank and Bank of Nova Scotia have provided $42 million of construction financing to Related Group of Florida for the development of The Slade, a 200-unit residential condominium in West Palm Beach, Fla.In addition, City National ...
September 8, 2003 Standard & Poor's has downgraded six classes of Asset Securitization Corp., 1997-D5, because of interest shortfalls that it expects will hit the deal as a result of servicer advances that have been deemed nonrecoverable.The rating agency has ...
September 5, 2003 Deutsche Bank has restructured a $50 million mortgage on two Dallas-area Radisson hotels owned by a venture led by Olympus Real Estate Fund III.The venture also includes Carlson Cos., which owns the Radisson brand. Although the properties ...
September 5, 2003 Chicago TribuneLehman Brothers on Thursday gained control of the River Bend condominium project in Chicago after a foreclosure auction on the luxury, 37-story tower at Lake and Canal streets. The auction, originally set for Aug. 26, was ...
September 5, 2003 Moody's Investors Service has downgraded the $111.7 million class A-2 of Danbury Buildings Acceptance Corp., 1994-1, to B1 from Baa2.The rating agency said its downgrade reflected its downgrade of Union Carbide Corp. to B1 from Baa2.The deal ...
September 5, 2003Moody's Investors Service has downgraded Banc of America Large Loan Inc., 2001-WBM, to Ba1 from Baa3, mirroring its downgrade of Royal Indemnity Co.'s insurance financial strength rating.The rating remains under review for possible further downgrade.The CMBS transaction is ...
The German bank has provided a term sheet to Prime Group Realty, which is selling a stake in Chicago's Bank One Center to a German investment fund. The debt would take out $238 million of debt that comes due in ...
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